Those looking to take the measure of China's attitude toward Hong Kong's outspoken press may not need to wait for macroeconomic changes. Beijing has already expressed its distaste for Hong Kong's independent journalism in the case of media magnate Jimmy Lai. The flamboyant millionaire has built a media empire in a very short time by combining investigative reporting with the flash of tabloid journalism and a reputation for no-holds-barred criticism of China.

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In a landmark victory for democracy and press freedom, a Taiwan court on April 22 dismissed criminal libel charges against American journalist Ying Chan and Taiwan-based journalist Hsieh Chung-liang. An amicus brief signed by ten prominent United States media companies and the Committee to Protect Journalists on the defendants' behalf was a strong factor in the judge's decision, observers said.